Press Releases

VSoft Press Releases – 2016

Hyderabad, April 29, 2016: VSoft Technologies, a leading Banking Technology solutions and services provider emerges as the winner in the recently concluded Hackathon organized by NPCI to commemorate the launch of its much awaited payments infrastructure platform- UPI ( Unified Payments Interface ).A total of 3819 teams along with VSoft competed in Hackathon for the prestigious honor.jeb, VSoft’s mobile payments offering in integration with the Unified Payments Interface is a whole new approach which lets the users pay and receive money instantly using their mobile phone. The users don’t need to carry cash to make their payments and they money right into their account.

Any and every transaction now becomes super easy with VSoft’s jeb mobile application. The user can add any bank accounts and view the balances on a single platform. The interactions can be driven by voice or the users can interact with the application in their preferred regional language. Users can also make use of the inbuilt QR code scanner and contacts lookup features for payments and collections. Designed for quick and easy transactions i.e. lesser clicks no matter what the task is.

With inbuilt security features that are compliant with regulatory requirements such as multi factor authentication and other intrinsic characteristics like regional language support and voice command inputs, jeb is a catalyst in making payments cashless and hassle free.

jeb is not a wallet but it is a payment channel that enables Banks to compete with the wallets.

“jeb has been developed to bring convenience in the payments regardless whether the end user is a big corporate, small merchant or a common user. I would like to thank NPCI for the opportunity given to participate as well as exhibit our wares and the recognition bestowed upon us” said Murthy Veeraghanta, Chairman and CEO, VSoft Technologies.

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“With image-based cheque clearing soon to become a norm in India and the possibility of truncation moving to remote locations such as ATMs and mobile phones, VSoft was the ideal technology partner to meet both our current needs and to support us in the future as we continue to grow.”